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Virginia Moves Forward on Adult-Use Cannabis Sales
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Former Congressman Matt Gaetz just set off a bomb today in the cannabis industry. Gaetz tweeted out that the DEA is drafting a rule to reschedule cannabis, and are moving it ASAP.Is there some truth to this?In our latest Trade to Black podcast, presented by Flowhub, host Shadd Dales and Anthony Varrell will break down this this announcement, along with several other key developments in the cannabis industry.We start in Virginia, where lawmakers have approved legislation to legalize regulated adult-use cannabis sales. The bill outlines a framework for retail licensing, possession limits, and state oversight, signaling renewed momentum after years of stalled implementation. If finalized, Virginia would move from partial legalization into a fully functioning adult-use market.Next, we look at Hawaii, where a state-commissioned report estimates that legalizing adult-use cannabis could generate roughly $90 million in monthly sales, with tourism expected to play a significant — though complex — role. The findings highlight both economic opportunity and regulatory challenges unique to island markets.We then shift to a major cultural signal: the largest entertainment arena in the U.S. partnering with cannabis businesses to sell THC beverages at concerts and sporting events. This move reflects broader consumer trends toward alcohol alternatives and represents another step toward mainstream cannabis normalization.On the corporate side, Vireo Growth Inc. (CSE: VREO) announced a non-binding memorandum of understanding to acquire The Hawthorne Gardening Company from Scotts Miracle-Gro. The potential transaction could reshape Vireo’s footprint in cultivation inputs and deepen vertical integration opportunities.Log on now and leave your comments!#TradeToBlack #CannabisIndustry #CannabisPolicy#AdultUseCannabis #THCDrinks #CannabisInvesting#CannabisNews #Flowhub #CannabisMarkets #CannabisReformWant to see more Cannabis Reform videos? • What Cannabis Going Mainstream Actually Lo... • Why Trump’s Team Is Highlighting Cannabis ... • Alcohol Rules Change While Cannabis Stays ... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter:
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